![]() This relationship is a prime example of our ability to support our client’s expansion and grow with them over time.” ![]() “Additionally, we are pleased to continue our long-standing relationship with Bloom, by refinancing two outstanding loans to them and providing growth capital in this third loan. Tannenbaum, AFC Gamma’s Chief Executive Officer. This acquisition allows their business operations to be vertically integrated in both Ohio and Missouri,” said Leonard M. “We are excited to support Bloom’s business as they acquire a Level 1 Cultivation license in Ohio, which coupled with their five existing dispensaries gives them a vertical presence in Ohio, a state that we believe has an attractive medical cannabis program. Bloom intends to use the proceeds from the new credit facility to repay existing debt, fund expansion initiatives, acquire a Level 1 Cultivation license in Ohio and provide additional working capital. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it has provided a senior secured credit facility of up to $82.5 million to Bloom Medicinals Holding Company and certain of its affiliates (“Bloom”), a privately held multi-state cannabis operator with licenses in Missouri, New Jersey and Ohio. WEST PALM BEACH, Fla., Ap(GLOBE NEWSWIRE) - AFC Gamma, Inc. PDF Version Funding will allow Bloom to Scale Operations and Acquire Cultivation License in Ohio
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